Plan Snapshot
- Plan Sponsor: Connect Holding Ii LLC D/B/A Brightspeed
- Sponsor EIN: 873811759
- Sponsor Address: 1120 SOUTH TYRON STREET, CHARLOTTE, NC, 28203
- Plan Type: DB
- Total Participants: 1,689
- Total Assets: $1.7B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,689 | $1.7B | $0 | $0 |
| 2023 | 1,928 | $1.9B | $0 | $0 |
| 2022 | 2,057 | $1.9B | $318.9M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RUSSELL INVESTMENTS CAPITAL LLC | NONE | $2,127,444 | — | $2,127,444 |
| WILLIS TOWERS WATSON US LLC | NONE | $1,818,377 | — | $1,818,377 |
| THE NORTHERN TRUST COMPANY | TRUSTEE | $568,904 | — | $568,904 |
| STATE STREET BANK AND TRUST COMPANY | NONE | $187,174 | — | $187,174 |
| CROWE HORWATH LLP | NONE | $82,688 | — | $82,688 |
| STATE STREET GLOBAL ADVISORS | NONE | $50,000 | — | $50,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUSSELL INVESTMENTS CAPITAL LLC — NONE
- WILLIS TOWERS WATSON US LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,834,587
- Estimated Expense Ratio: 0.285% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $6,810,437 | $2,364,619 | — | — | — |
| 2023 | $6,146,073 | $2,913,902 | — | — | — |
| 2022 | $10,245,740 | $51,613 | — | — | $471,298 |